USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 2022

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $169,000,000 for a ticket purchased in Idaho, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Idaho

Drawing Date:Fri, Sep 2, 2022
Jackpot:$169,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,543,693$899,354$144,863$1,499,475
2$2,670,877$946,412$152,106$1,572,358
3$2,804,421$995,824$159,712$1,648,886
4$2,944,642$1,047,705$167,697$1,729,239
5$3,091,874$1,102,181$176,082$1,813,611
6$3,246,468$1,159,381$184,886$1,902,201
7$3,408,791$1,219,441$194,131$1,995,220
8$3,579,231$1,282,503$203,837$2,092,891
9$3,758,192$1,348,719$214,029$2,195,444
10$3,946,102$1,418,245$224,731$2,303,126
11$4,143,407$1,491,248$235,967$2,416,192
12$4,350,577$1,567,901$247,765$2,534,911
13$4,568,106$1,648,387$260,154$2,659,566
14$4,796,512$1,732,897$273,161$2,790,453
15$5,036,337$1,821,633$286,819$2,927,885
16$5,288,154$1,914,805$301,160$3,072,189
17$5,552,562$2,012,636$316,218$3,223,708
18$5,830,190$2,115,358$332,029$3,382,803
19$6,121,699$2,223,217$348,631$3,549,852
20$6,427,784$2,336,468$366,062$3,725,254
21$6,749,174$2,455,382$384,365$3,909,426
22$7,086,632$2,580,242$403,584$4,102,807
23$7,440,964$2,711,344$423,763$4,305,857
24$7,813,012$2,849,002$444,951$4,519,059
25$8,203,663$2,993,543$467,199$4,742,921
26$8,613,846$3,145,311$490,559$4,977,977
27$9,044,538$3,304,667$515,086$5,224,785
28$9,496,765$3,471,991$540,841$5,483,933
29$9,971,603$3,647,681$567,883$5,756,039
30$10,470,183$3,832,156$596,277$6,041,751
Total$169,000,000$61,275,634$9,624,548$98,099,819

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.